McDonald's Corporation (NYSE:MCD) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,943 shares of the fast-food giant's stock after purchasing an additional 3,333 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in McDonald's were worth $9,041,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's in the 4th quarter valued at about $25,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $30,000. Abound Financial LLC bought a new stake in shares of McDonald's during the first quarter valued at approximately $30,000. Finally, Copia Wealth Management bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Barclays boosted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. TD Securities reissued a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Finally, Piper Sandler boosted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $319.72.

McDonald's Trading Up 0.8%

Shares of McDonald's stock traded up $2.24 during trading hours on Tuesday, reaching $297.98. The stock had a trading volume of 1,423,201 shares, compared to its average volume of 3,518,311. The stock's 50 day moving average is $302.50 and its 200 day moving average is $302.88. The firm has a market capitalization of $213.06 billion, a PE ratio of 26.29, a PEG ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a twelve month low of $246.12 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 earnings per share. As a group, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by company insiders.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.